2022-05-13T11:27:08-05:00 2021-06-30 ERNST & YOUNG US LLP 210 PARK AVE STE 2500 OKLAHOMA CITY OK 73102 990 2020-07-01 043108190 UMass Medical School Foundation Inc % JENNIFER ROBINSON UMAS 5088568989 333 SOUTH STREET Suite 290 SHREWSBURY MA 01545 JOHN R HAYES JR TREASURER 5088568989 2022-05-11 true JOHN R HAYES JR 999009999 EMILY UPSTROM P01765498 4142748740 2 2020 2022-09-23 18:48:47Z MICHAEL F COLLINS MD 333 SOUTH STREET 4TH FLOOR SHREWSBURY MA 01545 0 false X WWW.UMASSMED.EDU/ADVANCEMENT/ X 1998 MA SEE SCHEDULE O. 2 0 0 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 498302 553080 498302 553080 -498302 -553080 2964519 1608968 2964519 1608968 0 0 X SEE SCHEDULE O. false false 0 0 0 THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF) RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL (UMASS CHAN), THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC, (UMF), AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES. ON NOVEMBER 14, 2019, UMASS CHAN AND UMASS MEMORIAL ENTERED INTO AN AGREEMENT TO AMEND CERTAIN PROVISIONS, TERMS AND CONDITIONS OF THE EXISTING UMASS MEMORIAL FOUNDATION, INC. (UMMF) AGREEMENT, AND THE ORGANIZATIONS'S NAME WAS CHANGED TO THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF). AS A RESULT, COMMENCING ON JANUARY 1, AND CONTINUING THROUGH DECEMBER 31, 2024, UMMSF NO LONGER RECEIVES OR ADMINISTERS CHARITABLE GIFTS ON BEHALF OF UMASS MEMORIAL, NOR DOES IT PROVIDE FUNDRAISING AND PHILANTHROPIC ADVICE AND ASSISTANCE TO UMASS MEMORIAL. ACCOUNTING AND TREASURY SERVICES AND SPACE ARE DONATED BY UMASS CHAN MEDICAL SCHOOL. TOTAL DONATED SERVICES AND SPACE RECEIVED WERE $553,080. 0 true false false false false false false false false false false false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 2 0 true false false false false false false true false false false true true true true true true false false false MA X JENNIFER ROBINSON 5088568989 333 SOUTH STREET SHREWSBURY MA 01545 MICHAEL F COLLINS MD PRES./CHIEF EXEC. OFFICER 1.0 39.0 X X 0 1200145 86247 JOHN R HAYES JR TREASURER 1.0 39.0 X X 0 349748 77134 0 1549893 163381 0 false true false NONE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 553080 553080 553080 0 553080 0 0 0 0 0 0 0 2480625 1079439 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 483894 529529 2964519 1608968 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2964519 1608968 2964519 1608968 X 0 0 0 0 0 0 2964519 1608968 -553080 553080 X false true X true false X X 1 UMASS CHAN MEDICAL SCHOOL 043167352 5 true 0 0 1 0 0 true true false false true false false false false false false false false false false true true true X true true false false FORM 990, SCHEDULE A, Part IV, Section A, Line 2 THE UMASS CHAN MEDICAL SCHOOL IS A GOVERNMENTAL ENTITY AND IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER. FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 5A ON NOVEMBER 14, 2019, THE UNIVERSITY OF MASSACHUSETTS, ACTING THROUGH UMASS CHAN MEDICAL SCHOOL (UMASS CHAN) ENTERED INTO AN AGREEMENT WITH UMASS MEMORIAL HEALTH CARE, INC. AND UMASS MEMORIAL MEDICAL CENTER, INC. (COLLECTIVELY UMASS MEMORIAL) TO AMEND CERTAIN PROVISIONS, TERMS, AND CONDITIONS OF EXISTING AGREEMENTS WHICH GOVERNED THE UMASS MEMORIAL FOUNDATION, INC., AND THE "DEVELOPMENT ACTIVITIES" FOR BOTH UMASS CHAN AND UMASS MEMORIAL. PRIOR TO JANUARY 1, 2020, ALL "DEVELOPMENT ACTIVITIES" FOR BOTH UMASS CHAN AND UMASS MEMORIAL WERE MANAGED AND ADMINISTERED AS A "SINGLE DEVELOPMENT OFFICE" BY UMASS CHAN ON BEHALF OF BOTH OF THESE INSTITUTIONS. COMMENCING ON JANUARY 1, 2020, AND CONTINUING THROUGH DECEMBER 31, 2024, THIS "SINGLE DEVELOPMENT OFFICE" WAS TEMPORARILY SET ASIDE, WITH EACH INSTITUTION MANAGING AND ADMINISTERING ITS OWN SEPARATE DEVELOPMENT OFFICE. AS A RESULT, THE UMASS MEMORIAL FOUNDATION, INC. AMENDED ITS ARTICLES OF INCORPORATION AND IS WORKING TO AMEND ITS BYLAWS (EFFECTIVE JANUARY 1, 2020) TO REFLECT THE CHANGE IN "DEVELOPMENT ACTIVITIESTO CHANGE ITS LEGAL NAME TO "UMASS MEDICAL SCHOOL FOUNDATION, INC." THE ENTITY CONTINUES TO BE A LEGALLY RECOGNIZED 501(C)(3) CORPORATION. ACCORDINGLY, DURING THIS 5-YEAR PERIOD OF TIME, UMASS CHAN WILL USE THIS ENTITY FOR ITS FUNDRAISING AND DEVELOPMENT OFFICE ACTIVITIES, AND UMASS MEMORIAL'S DEVELOPMENT OFFICE SHALL BE KNOWN AS AND TITLED "UMASS MEMORIAL HEALTH CARE OFFICE OF PHILANTHROPY." FORM 990, SCHEDULE A, Part IV, Section D, Line 3 THE UMASS MEDICAL SCHOOL FOUNDATION, INC. DOES NOT HOLD, INVEST OR DIRECT ASSETS. THE SUPPORTED ORGANIZATION HOLDS THE FUNDS. THEY HAVE A SIGNIFICANT VOICE IN DIRECTING THEIR INCOME AND ASSETS. FORM 990, SCHEDULE A, PART IV, SECTION E, 2A THE UMASS MEDICAL SCHOOL FOUNDATION, INC. RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL. FORM 990, SCHEDULE A, Part IV, Section E, Line 2b THE UMASS MEDICAL SCHOOL FOUNDATION, INC. OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ASSIST THE DEVELOPMENT OFFICE OF THE UMASS CHAN MEDICAL SCHOOL. REC. FROM UMASS (CASH) 529529 529529 0 RELATED PARTY PAYABLE 1608968 1608968 false false false false false false false false false MICHAEL F COLLINS MD PRES./CHIEF EXEC. OFFICER 756588 343528 100029 57000 29247 1286392 JOHN R HAYES JR TREASURER 345485 0 4263 57000 20134 426882 FORM 990, SCHEDULE J, PART I, LINE 3 THE UMASS MEDICAL SCHOOL FOUNDATION, INC. HAS NO EMPLOYEES AND PAYS NO COMPENSATION. THE INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED COMPENSATION AND BENEFITS FROM UMASS CHAN MEDICAL SCHOOL, A RELATED ORGANIZATION. FORM 990, PART I, LINE 1 AND PART III, LINE 1 - MISSION STATEMENT THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED , TO RECEIVE AND DISTRIBUTE CHARITABLE GIFTS AND TO PROVIDE ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL (UMASS CHAN), THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC (UMF), AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES, AND TO CARRY ON ANY OTHER ACTIVITY THAT MAY BE LAWFULLY CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS AND WHICH IS NOT INCONSISTENT WITH THE CORPORATION'S QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ON NOVEMBER 14, 2019, UMASS CHAN AND UMASS MEMORIAL ENTERED INTO AN AGREEMENT TO AMEND CERTAIN PROVISIONS, TERMS AND CONDITIONS OF THE EXISTING UMASS MEMORIAL FOUNDATION, INC. (UMMF) AGREEMENT, AND THE ORGANIZATIONS'S NAME WAS CHANGED TO THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF). AS A RESULT, COMMENCING ON JANUARY 1, AND CONTINUING THROUGH DECEMBER 31, 2024, UMMSF NO LONGER RECEIVES OR ADMINISTERS CHARITABLE GIFTS ON BEHALF OF UMASS MEMORIAL, NOR DOES IT PROVIDE FUNDRAISING AND PHILANTHROPIC ADVICE AND ASSISTANCE TO UMASS MEMORIAL. FORM 990, PART VI, SECTION A, LINE 2 JOHN R. HAYES JR., TREASURER, AND MICHAEL F. COLLINS, M.D., PRESIDENT/ CHIEF EXECUTIVE OFFICER, ARE COMPENSATED BY UMASS CHAN MEDICAL SCHOOL, A RELATED ORGANIZATION OF THE UMASS MEDICAL SCHOOL FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUB COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE UMASS MEDICAL SCHOOL FOUNDATION, INC.'S FORM 990 IS COMPLETED, IT IS REVIEWED BY UMASS CHAN MEDICAL SCHOOL's ADVANCEMENT AND FINANCIAL MANAGEMENT TEAMS. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS THE UMASS MEDICAL SCHOOL FOUNDATION, INC. ADOPTS THE POLICIES OF THE UMASS CHAN MEDICAL SCHOOL ("UMASS CHAN") INCLUDING A CONFLICT OF INTEREST POLICY. INDIVIDUALS COVERED UNDER THE UMASS CHAN CONFLICT OF INTEREST POLICY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OR POSSIBILITY OF A CONFLICT OF INTEREST AND SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE UMASS CHAN CONFLICTS COMMITTEE. THE UMASS CHAN CONFLICT OF INTEREST POLICY PROVIDES THAT ANNUALLY, EACH COVERED PERSON SHALL SIGN A STATEMENT AFFIRMING THAT SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE SIGNED STATEMENT AFFIRMS THAT THE PERSON UNDERSTANDS UMMSF IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, UMMSF MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WHO IS COVERED THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, PERSONS SERVING IN SENIOR STAFF POSITIONS, AND ANY OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF ANY OF THE ORGANIZATION OR ANY OF ITS AFFILIATES. LEVEL AT WHICH DETERMINATIONS OF CONFLICT ARE MADE AND WHICH ACTUAL CONFLICTS ARE REVIEWED THE UMASS CHAN CONFLICTS COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS AND EVALUATING WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE CONFLICTS COMMITTEE REPORTS ITS FINDINGS TO THE UMASS BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR MAKING A FINAL DETERMINATION ON THE CONFLICT. RESTRICTIONS ON CONFLICTED PERSONS ALL COVERED PERSONS ARE RESTRICTED FROM ENTERING INTO A TRANSACTION WITHOUT DISCLOSING THE ACTUAL OR POTENTIAL CONFLICT TO THE UMASS CHAN CONFLICT COMMITTEE AND OBTAINING APPROVAL OF THE BOARD OF DIRECTORS. COVERED PERSONS WITH A CONFLICT MUST LEAVE THE ROOM WHEN TRANSACTIONS GIVING RISE TO THE CONFLICT ARE UNDER DISCUSSION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 19 THE UMASS MEDICAL SCHOOL FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART I, LINE 4 AND PART VI, LINE 1B THE FILING ORGANIZATION HAS NO INDEPENDENT MEMBERS OF THE GOVERNING BODY BECAUSE MEMBERS OF THE GOVERNING BODY ARE COMPENSATED BY A RELATED ORGANIZATION. UMASS CHAN MEDICAL SCHOOL 55 LAKE AVENUE NORTH WORCESTER MA 01655 043167352 EDUCATION MA COM OF MA false false false false false false false false false false false false false false false false false false false